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“There are three steps on getting the Alberta economy and Canadian Economy back to work,” McKnight explains.

The first step was cutting production, and the second is getting crude on rail, and the third step is the Keystone and Trans Mountain Pipeline, which McKnight said. “Ottawa keeps dragging its feet.”

He also adds there are other factors on the market. including OPEC. Saudi Arabia’s Energy Minister has said a production cut of one million barrels per day would be “adequate”, and that may boost the price of Western Canadian Select too.